Katahdin Bankshares Corp. Reports Significant Dividend Rise

Author: Thomas Cooper Updated: 08-27-2025 04:17 PM

Katahdin Bankshares Corp. Announces Upcoming Dividend

Katahdin Bankshares Corp. (OTCQX: KTHN), the parent company of Katahdin Trust Company, has announced an exciting update for its investors. The company has declared a cash dividend of $0.2025 per share for the upcoming third quarter. This move is expected to enhance shareholder value significantly.

Details of the Dividend Announcement

This dividend signifies a remarkable 15.7% rise when compared to the same period last year. The increase not only showcases the company’s growth trends but also its commitment to fair shareholder compensation.

Payment Schedule

The dividend is set to be payable on September 22, to those shareholders who are on record as of September 15. This timeline serves as crucial information for current and prospective investors looking to benefit from this dividend.

About Katahdin Bankshares Corp.

Katahdin Bankshares Corp. holds a pivotal role in its community through its subsidiary, the Katahdin Trust Company. Founded in the early 20th century, the trust has established a strong presence as a community bank across 16 locations and boasts assets exceeding $1.08 billion.

Company's Mission and Community Impact

At the heart of Katahdin's operations lies a commitment to fostering local economic growth and providing exceptional banking experiences to its customers. The bank prides itself on understanding and meeting the unique needs of the communities it serves.

Current Stock Performance

For investors, it’s vital to keep an eye on how KTHN is performing in the stock market. As of now, shares of Katahdin Bankshares Corp. are trading at $25.75. Keeping an updated view of the stock's fluctuations will help investors make informed decisions.

Final Thoughts on the Dividend Increase

The announced dividend is a testament to the strength and reliability of Katahdin Bankshares Corp. in its financial performance. This increase not only benefits shareholders but also enhances the company’s reputation as a reliable investment choice.

Frequently Asked Questions

What is the amount of the announced dividend?

The announced dividend is set at $0.2025 per share for the third quarter.

When will the dividend be paid?

The dividend will be payable on September 22 to shareholders who are on record as of September 15.

How does this dividend compare to last year?

This year’s dividend showcases a significant increase of 15.7% compared to the same quarter last year.

What is the current stock price of Katahdin Bankshares Corp.?

The current stock price of Katahdin Bankshares Corp. is $25.75.

Where can I find more information about Katahdin Bankshares Corp.?

For more details about the company and its banking services, visit their official website.

About The Author

Hello, I'm Thomas Cooper, a financial expert and writer passionate about helping people understand and navigate the financial world. Having a solid financial background and a lot of experience, my area of expertise is simplifying difficult financial ideas into useful, understandable guidance. My goal with my writings and blog entries is to provide you the information and resources you need to make wise financial choices.

I am thrilled to contribute my ideas and engage with a lively investor community at Investors Hangout, where I recently joined the team. My mission is to make finance interesting and approachable so you may take charge of your financial future. I appreciate you coming along on this path to success and financial knowledge.

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